22 Aug 2011securities registration● Neutral
IRELAND INC. filed notice of an exempt private placement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Aug 2011quarterly activities report▼ Bad
IRELAND INC. reported quarterly revenue of $0 and a net loss of $560 thousand for the period ended 2011-09-30.
15 Aug 2011late filing notice▼ Bad
IRELAND INC. notified the SEC that its quarterly report would be filed late.
9 June 2011capital raising announcement● NeutralMajor
Ireland issued 2,083,645 units on June 3, 2011 ($1,146,005) and 450,000 on June 8 ($247,500) at $0.55, closing its 2011 private placement at 5,018,199 units and $2,760,010 gross. Each unit is a share plus half a warrant at $0.80 to June 30, 2014. Subscribers also get a right to swap into terms of any further 2011 offering, which could mean more shares or better warrants for them. More dilution for existing holders.
2 June 2011securities registration● Neutral
IRELAND INC. filed notice of an exempt private placement.
24 May 2011director interest notice● Neutral
IRELAND INC. VP-Finance and Administration David Z Jr. Strickler bought 13,650 shares on the open market.
23 May 2011quarterly activities report▼ Bad
IRELAND INC. reported quarterly revenue of $0 and a net loss of $1.3 million for the period ended 2011-06-30.
13 May 2011late filing notice▼ Bad
IRELAND INC. notified the SEC that its quarterly report would be filed late.
13 Apr 2011farm in farm out agreement● Neutral
On April 8, 2011 the board set independent directors' pay at $3,000 a month, back-dated to January 1, 2011. Mark Brennan, the sole independent director, got 200,000 options at $0.36 vesting through December 31, 2011, which vest automatically on a change in control. This is a routine compensation matter, not a farm-in or farm-out deal despite the event label.
11 Apr 2011director interest notice● Neutral
IRELAND INC. director Mark H Brennan received a stock option grant for 200,000 shares.
28 Jan 2011director interest notice● Neutral
IRELAND INC. V.P. Finance / Administration David Z Jr. Strickler bought 2,500 shares on the open market at $0.28.
22 Nov 2010quarterly activities report▼ Bad
IRELAND INC. reported quarterly revenue of $0 and a net loss of $1.5 million for the period ended 2010-09-30.
15 Nov 2010late filing notice▼ Bad
IRELAND INC. notified the SEC that its quarterly report would be filed late.
16 Aug 2010quarterly activities report▼ Bad
IRELAND INC. reported quarterly revenue of $0 and a net loss of $1.5 million for the period ended 2010-09-30.
26 July 2010director interest notice● Neutral
IRELAND INC. director Michael Anthony Steele received a stock option grant for 200,000 shares.
26 July 2010director interest notice● Neutral
IRELAND INC. director Mark H Brennan received a stock option grant for 200,000 shares.
23 July 2010director interest notice● Neutral
IRELAND INC. CFO & Treasurer Robert D Mcdougal received a stock option grant for 200,000 shares.
23 July 2010director interest notice● Neutral
IRELAND INC. CEO, President & Secretary Douglas Dg Birnie received a stock option grant for 600,000 shares.
9 July 2010director interest notice● Neutral
IRELAND INC. V.P. Finance / Administration David Z Jr. Strickler bought 5,000 shares on the open market at $0.46.
2 July 2010director interest notice● Neutral
IRELAND INC. director Mark H Brennan bought 15,000 shares on the open market at $0.40.
17 May 2010quarterly activities report▼ Bad
IRELAND INC. reported a quarterly net loss of $1.2 million for the period ended 2010-06-30.
3 May 2010securities registration● Neutral
IRELAND INC. filed notice of an exempt private placement.
3 May 2010securities registration● Neutral
IRELAND INC. filed notice of an exempt private placement.
3 May 2010securities registration● Neutral
IRELAND INC. filed notice of an exempt private placement.
13 Apr 2010director interest notice● Neutral
David Z Jr. Strickler became a IRELAND INC. VP-Finance and Administration and company insider (initial ownership filing).
31 Mar 2010late filing notice▼ Bad
IRELAND INC. notified the SEC that its annual report would be filed late.
4 Mar 2010director interest notice● Neutral
IRELAND INC. director Mark H Brennan received a stock option grant for 67,197 shares.
21 Jan 2010securities registration● Neutral
IRELAND INC. filed notice of an exempt private placement.
14 Jan 2010capital raising announcement● NeutralMajor
Ireland closed the December 2009 offering, issuing 11,035,000 units at $0.45 for $4,965,750 in total: 10,835,000 US units ($4,875,750, issued January 8 and 13, 2010, 835,000 over the originally approved size) and 200,000 foreign units ($90,000). Warrants are $0.75 to June 30, 2013, with the company able to accelerate if the share price averages over $4.50 for 20 days plus a volume test. Planned use is about $1,800,000 each for Red Mountain and Columbus drilling, the rest for working capital. This meets the 6,000,000-unit minimum set in December and adds more shares.
What it means for a shareholder
11.0m new shares at $0.450 to raise about $5.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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21 Dec 2009capital raising announcement● NeutralMajor
On December 18, 2009 the board approved a new US private placement of up to 10,000,000 units at $0.45, each a share plus half a warrant at $0.75 expiring June 30, 2013, with a minimum of 6,000,000 units needed by January 8, 2010 or funds are refunded. If fully sold, about $1,800,000 each is planned for drilling at Red Mountain and Columbus, with the rest for working capital. This follows the 2009 placements closed in November; completion is not assured and existing holders would be diluted.
What it means for a shareholder
10.0m new shares at $0.450 to raise about $4.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.